Paw Paw, MI · Midwest · Allowed
Payday loans in Paw Paw
Paw Paw is governed by Michigan's statewide lending law — cities don't set their own loan rules. Storefront payday lending is permitted in Michigan. State law caps what lenders can charge — the limits below are the legal ceiling, and honest lenders stay under it.
The limits below are the legal ceiling — any offer above them is being made outside the law.
Lending storefronts in Paw Paw
10,359 residents · Van Buren County/Van Buren County Median household income is $36,672 — below the Michigan median of $56,012.
| Nearest storefronts | Town | Phone |
|---|---|---|
| Advance America | Wayne 15 mi | (734) 722-8695 |
| Advance America | Kalamazoo 16 mi | (269) 385-8160 |
| Cash Store | Kalamazoo 16 mi | (269) 342-8372 |
Listing data: public business directory, collected 2022-02-20. Stores close and relocate — confirm with the regulator's license lookup on the Michigan page before visiting. Spot an error? Report it.
The online route in Paw Paw
A parallel market lends entirely online — application, decision and funding on a website, no storefront. Lenders licensed in Michigan follow the state schedule anywhere in the state, but bank-partner and tribal loans are structured outside state rate limits, and regulators dispute that model.
From the online lenders directory — terms each lender publishes about itself, checked September 2026. Directory only: we are not affiliated and make no availability promises — verify with the lender and the Michigan regulator.
The rules behind the numbers
A deferred presentment service transaction is not intended to meet long-term financial needs.
In practice: borrow $300 for a standard term and the finance charge is $42 — $342 repaid at the end, about 365% APR. Every compliant lender in Paw Paw has to fit inside that schedule.
Statute: MCL 487.2121 et seq. (Deferred Presentment Service Transactions Act)
Regulator: Michigan Department of Insurance and Financial Services · www.michigan.gov
Questions people ask in Paw Paw
Are payday loans legal in Paw Paw, MI?
Yes. Storefront payday lending is permitted across Michigan, and Paw Paw runs under the same state rules: maximum loan $600, fees capped at 15% on first $100, 14% on 2nd $100, 13% on 3rd $100, 12% on 4th $100, 11% on 5th & 6th $100. A store charging above the cap is operating illegally.
How much would a $300 loan cost me in Paw Paw?
The same as anywhere in Michigan: state law sets the schedule. On a typical $300 loan the finance charge is about $42 — $342 repaid at the end of the standard term.
Which lenders have stores in Paw Paw?
Our 2022-02-20 directory snapshot lists no storefront lenders in Paw Paw — the closest listed locations are in Wayne, Kalamazoo.
Who regulates lenders in Paw Paw?
Complaints about a lender go to the Michigan Department of Insurance and Financial Services (www.michigan.gov) — keep the loan agreement and every fee disclosure you were given.